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Fri 13 Jun 2025
Close: 19 277c 
Day's move: -888c (-4.40%)
Volume: 52 406
Trades: 387
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Turnover for the period came in 5.8% lower at R8.4 billion (R8.9 billion) with gross profit ending on R3.2 billion (R3.2 billion). Operating profit before fair value adjustments decreased by 6% to R1.0 billion (R1.1billion) with profit for the period attributable to equity holders of the parent declining by 17.2% to R506 million (R611 million). Additionally, headline earnings per share was down 6.3% to 2 012c per share (2 148c per share).
Declaration of final dividend number 75
Final dividend number 75 of 700 cents per share (2023: 700 cents per share) was declared payable on Monday, 3 March 2025 to ordinary shareholders recorded in the register at the close of business on Friday, 28 February 2025.
Company prospects
Even though we are operating in volatile times, with significant potential risks arising from both international and local politics, we believe that Hudaco is well placed for a successful 2025. We remain optimistic that the improvement seen since October 2024 will continue, and there is a reasonable prospect that interest rates will decline further, which augurs well for a recovery in our consumer-related product businesses. Progress at the ports and reduced load-shedding must have a positive effect on economic activity and losses incurred at Bosworth, Deltec and Eternity should not be repeated. The Brigit Fire and Plasti-Weld acquisitions have been very successful and should enhance value further this year. We are excited about the Isotec acquisition, which would be Hudaco’s largest to date and meets our strategic objective of making larger acquisitions that can “move the needle”. If all conditions precedent are met (of which a satisfactory due diligence and Competition Commission approval are the most significant), it is likely to be included in our 2025 results for eight months, and another excellent business will be added to our diversified portfolio.
We enter the new year with cautious optimism, as we believe there are great prospects for SA Inc if the right policies are chosen. It is trite that the policies of the past 30 years have not worked for the economy or the people of South Africa. We encourage the GNU to grasp the opportunity in front of it and to focus on growth policies.
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| Closing price data source: JSE Ltd. All other statistics calculated by ProfileData. |
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